Browsing Tag
David Brown Defence
2 posts
RENK Group (Xetra: R3NK) faces H2 execution test after €7.4bn backlog
RENK Group AG (Xetra: R3NK) ended the first half of 2026 with a record €7.4 billion order backlog, but clearing its full-year revenue guidance requires at least €862.8 million of second-half sales, about 35% more than it generated in H1.
RENK to acquire David Brown Defence as Five Eyes naval programmes reshape defence consolidation
RENK Group is acquiring David Brown Defence to add submarine gearbox technology, UK manufacturing capacity and access to major naval programmes across Britain, Canada and Australia. The transaction strengthens RENK’s international defence position, but places sensitive sovereign capabilities under German ownership.